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Politics : Moderate Forum
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To: tsigprofit who wrote (7788)3/9/2004 8:29:14 PM
From: Brumar89  Read Replies (1) of 20773
 
I read something in the WSJ about this today by Robert Barro, Harvard economist. The household data and the payroll numbers have been different for a decade. The difference widened throughout the '90's and seem to be getting closer together. He doesn't understand why. He discussed several possible reasons for the discrepency but rejected them as being sufficient to create a difference.

Both are valid estimates, he says. He suggests they should be averaged to get the most accurate picture. Apparently, no one actually knows whether the total number employed has increased or decreased since 2001 or exactly how many people are working. The two measures, both estimates, tell different stories.

Maybe it would be helpful to look at numbers of income tax returns filed or something like that.

At any rate, I'd suggest taking everything you hear on this subject with a grain of salt. It may not be true.
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